Withholding Consent from the Khan
Rather than utilize the suspicious paper chits issued by the Khan’s local governor, Tabrizian merchants refused to transact or trade; tents in bazaars stood empty.
Other Schools of Thought
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From Loose Money to Fettered People
It is important to recognize the link between monetary policy and individual liberty.
Minimum-Wage Rates
The market wage rate tends toward a height at which those eager to earn wages get jobs and those eager to employ workers can hire as many as they want.
Misrepresenting Inequality
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures.
The Concept of a Perfect System of Government
The concept of the perfect system of government is fallacious and self-contradictory.
Is the United States in a Liquidity Trap?
To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.
The Education of an Austro-Marxist
Otto Bauer was not a born trailblazer, and one could not expect him to come up with new ideas. But had he not been a Marxist, he could have become a statesman.
The Liberation of the Demons
Lenin's seizure of power in October 1917 was certainly a turning point. But its meaning was very different from that which the communists attribute to it.
The Good Deficits
The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.
